Videoton to lay off 100 staff

Editor: Anke Schröter

Hungary based EMS-provider Videoton is to lay off 100 of its 1300 staff.

After a 10% decline in monthly revenues, Hungarian EMS-provider Videoton is to lay off 100 of its 1,300 employees. The redundancies will mostly affect manual workers. Director András Gerber is cited in local media reports in saying that if orders continue to decline, the company will further reduce staff numbers and switch to short work.